Page 460 - Reuters

Ivan Boesky, convict in 1980s insider trading scandal, dies at 87

Described as a "money-orientated monomaniac," Boesky himself said his work was "a sickness I have in the face of which I am helpless"

Second global AI summit secures safety commitments from companies

Alphabet's Google, Meta, Microsoft and OpenAI, and firms from China, South Korea and the UAE are among the firms

Europe sets benchmark for rest of the world with landmark AI laws

EU vote came two months after lawmakers backed AI legislation drafted in 2021

Actors union backs Scarlett Johansson after claim of voice misuse by OpenAI

OpenAI unveiled its latest artificial intelligence model, GPT-4o, last week, featuring an audio-interacting persona named "Sky"

Shell shareholders reject investor climate resolution filed by activists

The company, however, introduced a new 'ambition' to cut overall emissions from oil products such as gasoline and jet fuel sold to customers by 15-20% by 2030 compared with 2021

US Fed's Waller sees some progress on inflation, says no rate hike needed

"The economy now seems to be evolving closer to what the Committee expected," Waller said, referring to the central bank's policy-setting Federal Open Market Committee

Global carbon emissions pricing raised record $104 bn in 2023: World Bank

The largest single contributor to global carbon revenue is the EU's Emissions Trading System

Cryptocurrencies gain as investors turn optimistic on Ether ETFs talks

Ether, which underpins the ethereum blockchain network, was 8% higher on the day at $3,775, its highest in two months, after jumping 13.8% on Tuesday

Crude oil falls more than $1 as Fed rate outlook stokes demand fears

"Fears of weaker demand led to selling as the prospect of a Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities

JK Tyre Q4 results: Net profit rises 56.2% to Rs 169 cr on sustained demand

Consolidated net profit rose for the sixth straight quarter to Rs 169 crore ($20.29 million) for the three months ended March 31 from Rs 108 crore a year earlier

TotalEnergies moves ahead on $6 billion Kaminho oil project near Angola

The $6 billion project involves developing two oil fields located in Block 20/11, Cameia and Golfino, according to a statement from Angola's national hydrocarbon agency ANPG

RBI bought net $13.25 bn in spot forex market in March, shows bulletin

The RBI said it purchased $14.84 billion and sold $1.59 billion during the month. In the previous month, it had bought a net $8.56 billion in the spot market

Arvind Fashions Q4 results: Profit jumps two-fold to 24 cr, revenue up 4%

Demand for premium products aimed at high-income consumers remains a key driver of sales growth

1 dead, 30 injured as London-Singapore flight encounters severe turbulence

The Boeing 777-300ER plane with 211 passengers and 18 crew was headed to Singapore when it made the emergency landing, the airline said in a statement

Yellen urges German banks to boost compliance with US sanctions on Russia

"Russia continues to procure sensitive goods and to expand its ability to domestically manufacture these goods. We must remain vigilant and be more ambitious," Yellen said

With inflation falling fast, will Bank of England quickly cut rates?

Much of the drop in headline consumer price inflation - from a peak of 11.1 per cent a year and a half ago - is due to falling energy prices which are beyond the BoE's control

AstraZeneca aims to grow its total revenue by 75% to $80 bn by 2030

The Anglo-Swedish drugmaker had reported total revenue of $45.81 billion last year and earlier expected to launch at least 15 new medicines between 2023 and 2030

Pakistan's GDP grows 2.09% in Q3 supported by higher growth in agriculture

The bureau revised the first and second quarter GDP estimates for financial year 2023-2024 to 2.71 per cent and 1.79 per cent respectively, compared to earlier estimates of 2.5 per cent and 1 per cent

IBM's open source models to help Saudi Arabia train AI systems in Arabic

To make money off the models, IBM offers a paid tool it calls Watsonx that helps run the models smoothly inside a data center after they have been customised

GSK's trial drug Depemokimab shows reduction in severe asthma attacks

This form of asthma is characterised by high levels of eosinophils, which is a type of white blood cell.